St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-29
FINANCIAL.
New Ork.

NEW YORK. March 28.-Money on call easy
at 1907 per cent, last loan 6, closed offered
ate. Prime mercantile paper, sac. Sterling
exchange dull and weak at S4.Sf$4 for sixty
days and $4.S6A for demand. The movement
in the stock market, which began late last
week, made further progress to-day, for the
first time this year showing all the indication
Of genuine bull movement. 1t was the first
really active day for many weeks, and while
there was nothing like boom in any one
stock or group of stocks, a steady and slow
appreciation of values lasted the entire day.
The buying was remarkably well distributed,
nothing seemingly being neglected, aud while
the traders INDUCED in some realiz-
ing on their purchases of the past few days,
there was some buying, with a fair
inquiry from out of town operators, and
fair demand from foreigners. 4 remarka-
bly, favorable impression Was created
by the statement of the Union Pacific, which
was somewhat of a surprise to the street, and
Jersey Central was materially aided by the
report that contract had been made with
the Clearfeld company which would largely
increase the earnings Of the road in the i'm
mediate future. Western Union was one of
the favorites of the day and there were ru-
mors of something important to be developed
in short time. There was no particular
feature in the remainder of the list, although
an unusually large number of the low-priced
stocks were dealt in. The rates for money
showed q hardening tendency and were bid up
to per cent late in the day, which, with eX-
tensiye realizations, caused material reac-
ton on the best figures. The market was
decidedly strong and active at the OPEN
ing, first prices showing advances
over Saturdays final figures of from
A to IS per cent. There was some
hesitation in the early trading, but the
entire list soon became strong under the lead
of Canada Southern. The Improvement was
slow but steady, and continued without in
terruption until nearly 2 p. ~, when the
market became somewhat Quitter and gen.
eral fractional reaction resulted. The market
steaded in the last hour, and the close was
quiet but barely steady at fractional recess
sions OF the be st prices of the day. Almost
everything on the active list shows an adj
vance tonight, but while Canada Southern
and Union Pacific are each up "a per cent.
the gains in the remainder of the list are
measured by fractions only. Railroad bonds
were more active to-day; aggregate sales,
S1,7I20O0. Fort Worth s. Denver lists con-
tributed $145, 900 and Atlantic g. Pacific in
comes S10S,000 While the market was gen.
orally firm its movements were sluggish, and
though closing prices generally snow ad-
vances they are for the most part for frac-
tons only. Chesapeake & Ohio Is, however
rose 2 to SO, Rochester & Pittsburg 3 to l2O
Shenandoah Valley general IS 3 to 40. Gov
eminent bonds were quiet but strong. State
bonds were dull and steady. The total sales
of stocks to-day were 400, 167 shares in
Guiding:
Canada Southern13, 600 Northwestern. 20 $50
Del. Lack. s. W lis, $50 Reading So $50
Erie. .26, go Uniou Pacific. :. 20 400
Lake Shore. 10, 615 Western Union. .2S 713
Louis. s. Nash. Is, 100